Discover how to buy DAI (DAI) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
DAI (DAI) is currently at
$1.0008
$0
Last updated on --.
How can I buy DAI on OKX?
Whether you're new to crypto or an experienced trader, you can buy DAI using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose DAI
Select DAI and buy using your chosen method.
Step four
Receive your DAI
Confirm your purchase and store your DAI in your portfolio.
What's DAI?
DAI is a type of digital money called a stablecoin. Imagine it like a digital dollar that lives on the internet. It was created to help people use money online without worrying about big price changes. DAI is special because it tries to always be worth about one US dollar. This makes it useful for buying things, sending money to friends, or saving without the ups and downs of other cryptocurrencies.
How can I buy DAI?
1) Start by creating an account on OKX. Visit the website and click 'Sign Up.' Follow the instructions to enter your email and create a password. 2) Once your account is set up, fund it using a bank transfer or credit/debit card. Follow the on-screen instructions to link your bank or card. 3) After funding, go to the 'Buy Crypto' section, select DAI, enter the amount you want, and click 'Buy' to complete your purchase.
Why do people buy DAI?
People buy DAI because it offers stability in the crypto world. Unlike other cryptocurrencies, DAI is designed to maintain a steady value, making it useful for everyday transactions and savings. It's widely accepted in various online platforms and can be used for payments, remittances, or as a stable store of value. DAI's stability and ease of use make it a practical choice for those looking to explore digital currencies without the volatility.
Things to know before buying DAI in the United States
In the United States, cryptocurrencies like DAI are legal to buy and use. However, when you sign up on platforms like OKX, you'll need to complete KYC (Know Your Customer) verification, which involves providing identification. Be aware that any gains from selling DAI may be subject to capital gains tax. It's important to keep records of your transactions for tax purposes. Always stay informed about the latest regulations as they can change.
What are other ways to own DAI?
You can obtain DAI without buying it directly through various methods. Some platforms offer Learn-and-Earn programs where you can earn DAI by completing educational tasks. Participating in network activities like staking or providing liquidity can also reward you with DAI. These methods require effort and understanding of the processes involved, and there are risks, such as potential loss of funds or changes in reward rates.
How can I store my DAI?
Storing DAI safely is important to prevent loss or theft. You can choose between custodial wallets, where a service holds your DAI, or non-custodial wallets, where you control your funds. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet and keep recovery phrases safe. Use strong passwords and enable two-factor authentication to enhance security.
Why should I buy DAI on OKX?
Learn more about the security measures keeping your DAI safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy DAI (DAI)
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How to get DAI for free
Invite friends, earn rewards
See how you can get free DAI when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your DAI grow, for free. Put your crypto to work, 24/7.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade DAI
Take advantage of price fluctuations and trade your DAI for other cryptocurrencies.
Send DAI
Send your DAI anywhere, anytime with fast, low-cost transfers.
Spend DAI
Use your DAI to pay for goods, services, and experiences seamlessly.
Hold DAI
If you think your DAI will increase in value, you can hold onto it.
Sell DAI
Convert your DAI to cash quickly and securely.
How to buy DAI (DAI) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy DAI DAI safely on a trusted exchange like OKX.
Choose the best exchange to buy DAI (DAI) depending on your individual needs. Factors to consider when picking the best place to buy DAI (DAI) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping DAI. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell DAI (DAI), as well as fiat withdrawal options.
This depends on the method you use to convert DAI (DAI) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.